Ferrari's racing director, Laurent Mekies, anticipated that the cost cap applied for the 2022 Formula 1 season will affect the teams' ability to frequently update their cars, admitted less car development will be seen this season. The cost cap that was effective for the 2021 F1 season was reduced even more this year to only 140-million, as the sport aims to level the playing field between the teams, with some of them being known to spend over half a billion euros per season in their quest for F1 supremacy. Ferrari have been historically part of the big spenders club, but things will have to change now, as the cost cap will play a role in how they develop their car throughout the 2022 F1...
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